Confidence in paper currencies The confidence in paper money was originally that it could be exchanged by anyone in coins. If even gold currencies can be manipulated, this is certainly the case of paper currencies. Paper currency known as Fiat currency, from the Latin word fiat = it will. On the ...

Financial mass destruction It sounds a bit dramatic, but you can certainly speak of a decline in business manners. The attitude of a nation is critical to the economic success or failure. It seems as if the economic mores have relaxed considerably in the Western world. Diligence, frugality, honesty ...

Business and economy (the U.S. rules) There is no doubt that globalization follow American rules. The financial markets are geared towards, global companies are increasingly organized according to American patterns of consumption and capitalism American-style prevails in the world. Even in 1968 ...

U.S. trade policy In trade policy pushed the U.S., the world also left its mark. This was adopted in Havana in 1947 GATT Agreement on free trade as a guiding principle for the world economy. It was agreed rules that enabled the explosive growth of world trade and globalization only. Globalization ...

Empire of Debt The world is sitting in 2011 at the highest debt in history. As for the debt so dangerous is the fact that the richest and largest economy is the world leader and engine of the global debt. The U.S. may not like but the dominance after the Second World War, when the country supplied ...

The citizens of Squanderville In November, Warren Buffet offers a warning .America was about to illustrate to imporn his future .In his warning, Buffett used the image of two islands, Squanderville (City of spendthrift) and Thriftsville (City of savers). The citizens of both islands were working ...

Japan's long ordeal What happens when politics tries with all his might to maintain a boom whose time has come to an end, shows Japan. Since 1990, Japan is in a lingering depression that arose from the bursting of a credit bubble. Japan experienced unparalleled 1953-1989 an economic boom. Japanese ...

1929: The Great Crash The high concentration of income and assets is certainly one reason for the big crash, why it had to happen. In 1929 the rich were rich beyond measure. This concentration of income and wealth means that a growing portion of the earned money spent on luxury goods or is applied ...